New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-04
sLosryo PRICES OF rakhAnshsRrA srooks
THURSDAY. Nov. 81. n.

THURSDAY. Nov. 81. H.
Thus far railroads have reported their gross earn
ings the fourth week OF October Mn show gains
and one shows los, from the week Of 1886 The earn
ngs OF the nine companies for the week OF this year az
sregatc Sl356429. against $l.123 23S in the week Of
1856 gam OF S233 o. POS per cent The Chicago,
Milwaukee and ST. Paul Company IL the one showing a
loss which compared with the week Of 1885, S3isl7,
or per cont AMI compare with tho week OF 1885 Of
SlI67l6. or liz per cent. The St. Paul Com
pany for reason, well uadcrstoot by every In
telIsent person. since midsummer has been
notabls and almost solitary exception to progressive
earnings OF the railways of the country And yet II one
read only the laborcd efforts Of certain Wall street
news % agency he would thnk that the ST. Paul Com
pany the representative railroad Of the country, and
the earnings of that company those Of
all the companies in the country. In the old times when
the town OF Huh cast about 100 votes it used TO be
common saying that Hull goes goes Massachusetts.
ST. Paul. however. gives gain for November Of $l,323
the month of lsS6. aud for the ten months ended
October 81 gross earning SOo7 greater than
months OF 1856 and S76s 2J7 greater than in
the months Of 1885. And the price OF common stock
IL 10 against % year with au outstanding
Interest OF l2jO0) shares tue sales OF which
have becu prime factor in the decline Of - per cent
Confidence is plant of slow growth But considering
that every one now recognizes tho that security
values have stcally marIet dom during the last
six months by sheer force Of pluck and false reports,
and that only few out Of Tho many woIlbc buyers
have the opportunity to discover the inside workings OF
adssperl'c manipulation, its growth .iace Monday a
week ago has been almost tropical When people soc
such a stock ~ Chicago and Northwestern marked down
from ll6 to lO44 continued publications, all through
September AMI in October up TO tAe date OF the Official
report the September earnings will show loss or
2OOOJn they have % question whcn tho effect of
lying will end But despite the doubts OF what desper-
alton yet attempt the stock marke, since Monday,
October u, has steadily harder The "icrt to
break price, Monday October 81, was gigantic one;
all tho methods known to modern speculation we're
employed. The quick rebound Is matter OF history.
The plan for another grand effort exposed in last
Mondays TRlBI NJ The effort made and under tho
severe pressure prizes did yield but not to the hsure' OF
Monday october d Since then the average OF prices
each dag nave higher than for tic preceding day
Today the market closed lover for stocks than it
did YESTERDAY but that because OF desperate drive
at prices in the last minutes OF business and in the
clio ng ngurss there IL significance than hero
was IN a like movement at IL O'clock froin
which depressed pric sharp recovery quickly toi-
lowed. Yesterday the "bears" gave Orlers TO a bull
hrm covertncr shorts" in ST. Paul aud sent In or
ders sell the stock To-day the same operation was
made In Northwestern The object in both cases WAS 10
create the impression that large ers u bay could be
easily executed the market figures; and they did sue
coed in foong some usually shrevl Observers Imagine
in Of right led stone-vall forty Zee,
high with score OF enemies before him and the con-
dition OF the bear" element In the stock market Is
seen; the man mist fight, he can't "run to cover.
The railroad earnings increasing and are not decln
ns; money Is easy and not stringent; generally ou,
nes,is better than the most sangmnc dared TO nope
such failure have occurred were the results Of wild
speculation and in way renccol general coniltoh
and I'm fct everything that has happened has bosn the
exact reverse OF what predicted as reason FOR
decline In values The market closed steady at conces
sions male by tho bears"
Government bonds dun and steady al quotations
as follows: